Grong Sparebank (Norway) Technical Analysis
| GRONG Stock | NOK 149.80 0.80 0.54% |
As of the 1st of February, Grong Sparebank retains the Downside Deviation of 1.75, risk adjusted performance of 0.0139, and Market Risk Adjusted Performance of (0.07). Grong Sparebank technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.
Grong Sparebank Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Grong, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GrongGrong |
Grong Sparebank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Grong Sparebank Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Grong Sparebank volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Grong Sparebank Trend Analysis
Use this graph to draw trend lines for Grong Sparebank. You can use it to identify possible trend reversals for Grong Sparebank as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Grong Sparebank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Grong Sparebank Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Grong Sparebank applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Grong Sparebank will continue generating value for investors. It has 122 observation points and a regression sum of squares at 46.36, which is the sum of squared deviations for the predicted Grong Sparebank price change compared to its average price change.About Grong Sparebank Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Grong Sparebank on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Grong Sparebank based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Grong Sparebank price pattern first instead of the macroeconomic environment surrounding Grong Sparebank. By analyzing Grong Sparebank's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Grong Sparebank's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Grong Sparebank specific price patterns or momentum indicators. Please read more on our technical analysis page.
Grong Sparebank February 1, 2025 Technical Indicators
Most technical analysis of Grong help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Grong from various momentum indicators to cycle indicators. When you analyze Grong charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0139 | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 0.6226 | |||
| Semi Deviation | 1.01 | |||
| Downside Deviation | 1.75 | |||
| Coefficient Of Variation | 7789.75 | |||
| Standard Deviation | 1.23 | |||
| Variance | 1.51 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | 0.011 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.03 | |||
| Downside Variance | 3.06 | |||
| Semi Variance | 1.02 | |||
| Expected Short fall | (1.10) | |||
| Skewness | (0.35) | |||
| Kurtosis | 4.14 |
Other Information on Investing in Grong Stock
Grong Sparebank financial ratios help investors to determine whether Grong Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Grong with respect to the benefits of owning Grong Sparebank security.